Forex is a market in which traders get to exchange one country’s currency for another. For instance, an investor from America who had bought one hundred dollars of Japanese yen could believe the yen is getting weaker when compared to the U.S. dollar. If this person is correct and decides to trade yens for dollars, he or she will generate a substantial profit.
Watch the news and take special notice of events that could affect the value of the currencies you trade. The speculation that causes currencies to fly or sink is usually caused by reports within the news media. … Read the rest